Eurozone: Downside risk for manufacturing PMI – Danske Bank

Analysts at Danske Bank point out that the euro area flash PMIs for October are due today and will be a key economic release for today’s session.

Key Quotes

“In September, manufacturing numbers continued this year's declining trend and fell to 53.2, while services rose slightly to 54.7. We expect services PMI to extend the pickup and rise to 54.9; in contrast, we see a downside risk for manufacturing PMI, declining further to 53.0 due to the deteriorating new orders component in the latest reading.”